Medigap Plans New Jersey

10 Best Medigap Plan F Policies in New Jersey

Medicare Supplement Plan F is the most popular Medigap plan available in New Jersey. Here are the 10 best Plan F policies available in New Jersey based on our reviews (click for details):

Carrier	Premium^[1]	Fee
AARP	$163.44	None
Omaha Insurance Company	$164.60	None
Reserve National	$168.31	None
Thrivent	$170.47	$25.00
MassMutual	$173.81	None
Loyal American	$154.75	$20.00
ManhattanLife	$160.50	$25.00
Liberty Bankers Life	$163.14	$25.00
Bankers Fidelity	$163.46	$25.00
Americo Life	$165.67	None

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10 Best Medigap Plan G Policies in New Jersey

Medicare Supplement Plan G is rapidly gaining popularity among New Jersey seniors. With Plan F going away in 2020, it is expected to be the new gold standard. Here are the 10 best Medigap Plan G policies available in New Jersey based on our reviews (click for details):

Carrier	Premium^[1]	Fee
Thrivent	$133.44	$25.00
Omaha Insurance Company	$136.26	None
MassMutual	$139.10	None
AARP	$140.88	None
Reserve National	$147.20	None
Liberty Bankers Life	$130.03	$25.00
Loyal American	$133.16	$20.00
ManhattanLife	$135.42	$25.00
Bankers Fidelity	$135.73	$25.00
Americo Life	$137.14	None
NOTE: Medigap Plan G is identical to Plan F, with one exception. A Plan G policy does not pay your Medicare Part B annual deductible. In many cases the annual cost of Plan G makes it a better deal.

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Medicare Supplement Reviews

We review all major Medigap insurance carriers selling Medigap policies in New Jersey. Our 5-star ratings are unbiased. We use a complex formula that evaluates years in business, A.M. Best financial strength rating, plans serviced, plan premiums and fees. Currently, our formula does not take rate increase history into account, so be sure to ask your agent for this information.

Our reviews are based on statewide analysis, not nationwide. We recommend consumers use our 5-star ratings as one aspect of their decision making process. It helps compare insurance carriers at-a-glance.

Medigap Rates (Premiums)

We list monthly premiums for all Medigap plans offered by Medicare Supplement carriers in New Jersey. Rates are samples based on a 65 year old, non-smoking woman and include applicable household discounts. Use our rates for comparison purposes only. Your actual rate will be based on where you live, your age, sex and use of tobacco products.

Review^[2]

Medigap Carrier

Plan A

Plan F^[1]

AARP

$98.64

$163.44

Omaha Insurance Company

$133.32

$164.60

Thrivent

$135.51

$170.47

Reserve National

$140.39

$168.31

MassMutual

$142.87

$173.81

Aetna

$116.04

$166.27

Loyal American

$125.57

$154.75

Bankers Fidelity

$129.39

$163.46

ManhattanLife

$130.50

$160.50

Liberty Bankers Life

$134.96

$163.14

United American

$137.00

$210.00

Americo Life

$140.04

$165.67

Combined Insurance

$143.61

$172.38

National Guardian Life

$144.89

$179.20

Horizon Blue Cross and Blue Shield of New Jersey

$146.47

$204.18

Humana

$159.25

$195.65

AmeriHealth New Jersey

$107.07

$169.77

Transamerica

$110.35

$197.68

Philadelphia American

$114.80

$182.67

Colonial Penn

$121.07

$174.94

Polish Falcons of America

$124.90

$160.92

Equitable National

$128.93

$168.24

Shenandoah Life

$130.88

$169.42

Renaissance Life

$131.61

$167.65

SBLI USA Life

$132.39

$166.82

Central States

$142.17

$215.42

IAC

$155.41

$183.27

Gerber Life

$162.69

$209.34

Greek Catholic Union

$142.82

$175.46

Loyal Christian

$149.14

$174.19

Top 10 Medigap Plans in New Jersey

Looking for the best Plan F, G or N available to New Jersey seniors?

Medigap Plans are Standardized Medicare Supplements

The New Jersey Department of Insurance and the federal government have worked together to standardize Medicare supplemental insurance policies. Insurance companies must clearly identify plans as Medicare Supplement Insurance and each Medicare Plan must use a standardized letter code, A through N. Each lettered plan offers the same benefits, regardless of the carrier offering it. Only the rates are different.

NOTE: Medigap, Medicare Supplements and Medicare Plans are all names used interchangeably for supplemental insurance that fill the gaps in Original Medicare coverage.

All New Jersey Medicare supplement policies offer the same basic benefits, however, some offer additional gap coverage. This allows you to choose the amount of insurance you need.

Each insurance company decides which policies it wants to sell, although state laws might affect which ones they offer. Insurance companies that sell Medicare supplemental insurance:

Don't have to offer every Medigap plan
Must offer Medigap Plan A if they offer any Medigap policy
Must also offer Plan C or Plan F if they offer any plan

For more information, visit the New Jersey Department of Insurance website at http://www.dobi.nj.gov/.

Medicare Supplement Plan F: Is it the Best Plan in New Jersey?

Even though Medicare Plan F is the most costly, it is the overwhelming favorite. More than 50 percent of all seniors with a Medigap policy in New Jersey choose Plan F. The reason is simple. It offers complete gap coverage.

IMPORTANT: If you want the gap protection of Medicare Supplement Plan F, you must get enrolled before January 2020. Congress voted to abolish Plan F. Starting January 2020 carrier are no longer able to sell these polices.

Is AARP's Medicare Supplement the Best Medigap Plan?

AARP sell more Medicare Supplements in New Jersey than any other carrier. AARP Medicare Supplement plans, by United Healthcare (UHC), provide the same coverage as the standardized Medigap plans from other carriers. The most significant difference is the cost and financial stability of the carrier.

Our research shows that AARP Medigap Plans are usually more expensive than competing plans. That said, in many areas UHC has hospitals under contract, allowing them to offer Medicare SELECT plans at favorable rates. This allows them to be more competitive on monthly premiums, but you must agree to use one of their contracted hospitals.

The three most popular AARP supplements are Plan F, Plan G and Plan N. You can see the difference between these plans on the comparison chart below.

Medicare Supplement Comparison Chart

The following Medicare Supplement Plans Comparison Chart offers a quick look at the benefits provided by each Medigap policies.

Medigap Benefits	A	B	C	D	F^*	G	K	L	M	N
Medicare Part A Coinsurance and hospital costs up to an additional 365 days after Medicare benefifits are used up	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Medicare Part B Coinsurance or Copayment	Yes	Yes	Yes	Yes	Yes	Yes	50%	75%	Yes	Yes**
Blood (First 3 Pints)	Yes	Yes	Yes	Yes	Yes	Yes	50%	75%	Yes	Yes
Part A Hospice Care Coinsurance or Copayment	Yes	Yes	Yes	Yes	Yes	Yes	50%	75%	Yes	Yes
Skilled Nursing Facility Care Coinsurance	No	No	Yes	Yes	Yes	Yes	50%	75%	Yes	Yes
Medicare Part A Deductible	No	Yes	Yes	Yes	Yes	Yes	50%	75%	50%	Yes
Medicare Part B Deductible	No	No	Yes	No	Yes	No	No	No	No	No
Medicare Part B Excess Charges	No	No	No	No	Yes	Yes	No	No	No	No
Foreign Travel Emergency (Up to Plan Limits)	No	No	Yes	Yes	Yes	Yes	No	No	Yes	Yes
Out-of-Pocket Limit***	None	None	None	None	None	None	$5,240	$2,620	None	None

^* Medicare Plan F also offers a high-deductible plan. If you choose this option, this means you must pay for Medicare-covered costs up to the deductible amount of $2,240 before your Medigap plan pays anything.

^** Medicare Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to $50 copayment for emergency room visits that don't result in an inpatient admission.

^*** After you meet your out-of-pocket yearly limit and your yearly Part B deductible, the Medigap plan pays 100% of covered services for the rest of the calendar year.

Medigap vs Medicare Advantage

Still wondering if a Medigap plan is right for you? Considering Medicare Advantage as an alternative? For many seniors it's a difficult decision. Here's our advice.

First, understand the difference between Medigap and Medicare Advantage plans available in New Jersey. Medicare Supplement insurance fills gaps in your Original Medicare benefits. Medicare Advantage replaces your Original Medicare benefits with managed care.

Second, if you want the most choices and flexibility, Original Medicare combined with a Medigap plan and a New Jersey Medicare Part D plan is the way to go.

Need Local Help?

The State Health Insurance Assistance Programs (SHIPs) provide free, one-on-one insurance counseling and assistance to Medicare beneficiaries, their families and caregivers. The New Jersey SHIP is a grant-funded project of the federal U.S. Department of Health and Human Services (HHS). You can reach them by phone or on their website:

1-800-792-8820 (in state only); 1-877-222-3737 (out of state)
http://www.state.nj.us/humanservices/doas/services/ship/index.html

Disclaimers

The Medicare Supplement Insurance data on MedicareWire.com comes from Medicare.gov, CMS.gov and private sources and is subject to change. CMS has neither reviewed nor endorsed the information on this site.

The MedicareWire.com website is available for educational purposes. Our goal is to present information about senior health insurance accurately and without bias, based on our interpretation of factual information. However, this site is not intended as a substitute for legal, health, or financial advice from a licensed professional. On this page we help consumers:

Compare New Jersey Medigap Plan, rates and reviews, including Medicare Plan F, G, and N. Find the best Medicare Supplements in New Jersey at the lowest cost available. Get an AARP Med Supp plan, guaranteed issue, if you're turning age 65.

MedicareWire.com is an independent research, technology and publishing organization. We are not affiliated with Medicare, Medicare plans, insurance carriers, or healthcare providers, nor are we compensated for Medicare plan enrollments.

Trademarks

The logos and brand names used on this page are legal U.S. trademarks. We make no claim to the marks whatsoever, nor do we claim to represent the brands, products or services presented. We use brand names and logos on this page for editorial purposes only, as permitted by U.S. Trademark Fair Use Law and the Great State of New Jersey.

Foot Notes

^[1] Sample premium is for a 65 year old, non smoking, woman living in New Jersey. The rate was accurate on date of publication. Rates change frequently and they are priced by county. You must contact a licensed agent to get a current rate for your situation.

^[2] Review rating stars are derived from MedicareWire reviews on our Medigap Plan pages.

This page is maintained by David Bynon and was last updated on October 12, 2018.